In September 2008 Fridaysmove residential conveyancing Brixton team acted on the purchase conveyancing for a 99 year leasehold property valued at around £175, 000. The property is located at 55-57 Upper Tulse Hill Road, Brixton, London
Fridaysmove Legal property lawyer s comprehensive conveyancing enquiries were emailed within the same day of receiving contract papers.
The Land Registry Office Copies supplied revealed that the vendors had owned the property for less than five years and as such there was a danger that the transfer of the property to the seller could be set aside if it was established that the property within that five year period was a Transfer at Undervalue.
Transfer at Undervalue: The transfer of property or an interest in it (for example a transfer by the owner into the joint names of himself and another) by way of gift or for a price less than the current market value of the property.
There was a concerning discrepancy between details of the vendors as per the contract papers as against the Official Copies. This was obviously significantly important to clarify as our conveyancing lawyer needed to be sure that the registered owner and the seller on the contract were one and the same.
The Seller's Property Information Form (SPIF) as supplied by the vendors was more than two months old and therefore we needed to have this refreshed. The Seller's Property Information Form (SPIF) revealed a dispute relating to Complaints. Disputes are a significant concern if revealed in a conveyancing transaction and Fridaysmove needed to satisfy themselves that the dispute was historic and no longer affected the property. The sellers property information form is part of the Law Society's National Conveyancing Protocol to be completed by a seller in a conveyancing transaction. It is not a compulsory document for a HIP. The sellers property information form gives details about the property such as neighbour disputes and boundaries and the answers therein are legally binding on the seller.
The estate agent's memorandum of sale detailing the vendors property lawyer was obtained shortly before receiving the contract papers. This document outlines the sale/purchase property, the price, the Purchaser and the Seller’s details and details of their respective conveyancing teams. It is worth noting that a Sales Memorandum does nothing more than record the agreement reached between the parties subject to contract and forms no part of a contract for the sale of the said property between the parties
Alyson Stevenson was the Fridaysmove property lawyer in charge of conveyancing in Brixton, Lambeth, South London.
The estate agent was the Haart branch covering Brixton.
The local authority area of the home is Lambeth Council Borough Of London .
The seller's conveyancing solicitor Brixton was ELC Solicitors - DX 155870 Ealing 4. Lambeth, South London.
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